$102 Million FHLMC Bulk Servicing Offering
Sugar Land, TX - MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $102MM FHLMC bulk mortgage servicing portfolio. The seller is an a privately held mortgage company.
Key characteristics are as follows as of 8/31/18:
Principal: $102 Million
Average FICO: 753
Average Bal: $124,366
WANR: 3.99%; WASF: 25 bps
WAOT: 321.5; WART: 279.6
Strong average escrows 1.8% of principal
Very low 1.9% total delinquency - 0 FC - 0 BK
MorVest CEO David Fleig noted the seller has never had a repurchase and has a very clean portfolio.
The bid deadline is 5PM CT Thursday September 27, 2018. Loan level data will be furnished only under an NDA.
For more information go to https://www.morvestcap.com/trades or email email@example.com.